US Congress House Bill 3898 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on October 25 2017 - 50% progression, died in committee
Action: 2017-10-25 - Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
Pending: Senate Foreign Relations Committee
Text: Latest bill text (Engrossed) [PDF]

Otto Warmbier North Korea Nuclear Sanctions Act (Sec. 3) This bill directs the Department of the Treasury to prohibit a foreign financial institution that knowingly provides significant financial services to a "covered person" from opening or maintaining a correspondent account in the United States. "Covered person" includes any person doing business with North Korea, any North Korean person employed outside North Korea (unless waived by Treasury), and any person that knowingly employs a North Korean person outside North Korea. The bill establishes civil and criminal penalties for violations. Treasury must prohibit a U.S.-based financial institution from knowingly engaging in a significant transaction with a covered person. The bill establishes civil penalties for violations. (Sec. 4) The bill amends the Bretton Woods Agreements Act to direct the United States to oppose international financial assistance for a foreign government that does not implement these sanctions against North Korea. The President may waive this directive after specified steps are taken. The bill amends the Export-Import Bank Act to prohibit the bank from providing support to a covered person. (Sec. 5) Treasury must report on compliance with this bill among financial institutions, including any penalties imposed and efforts by Treasury to support compliance. The bill amends the International Financial Institutions Act to require Treasury to: (1) instruct the U.S. Executive Director at the International Monetary Fund (IMF) to support the use of the IMF's administrative budget for technical assistance that strengthens the capacity of IMF members to prevent money laundering and the financing of terrorism, and (2) report on the effectiveness of such assistance. (Sec. 6) The President may suspend or terminate sanctions under this bill if certain steps regarding nonproliferation of weapons of mass destruction are taken by North Korea.

Otto Warmbier North Korea Nuclear Sanctions Act

Rep. Garland Barr [R-KY]	Rep. Trey Hollingsworth [R-IN]	Rep. Gwen Moore [D-WI]	Rep. Ed Perlmutter [D-CO]
Rep. French Hill [R-AR]	Rep. Juan Vargas [D-CA]	Sen. Kyrsten Sinema [I-AZ]	Rep. Roger Williams [R-TX]
Rep. John Delaney [D-MD]	Rep. Luke Messer [R-IN]	Rep. Keith Rothfus [R-PA]	Rep. Josh Gottheimer [D-NJ]
Rep. Brad Sherman [D-CA]	Rep. Robert Pittenger [R-NC]	Rep. Carolyn Maloney [D-NY]	Rep. Warren Davidson [R-OH]
Rep. Denny Heck [D-WA]	Rep. Mia Love [R-UT]	Rep. Bruce Poliquin [R-ME]

2017-10-24 - House - On motion to suspend the rules and pass the bill, as amended RC# 581 (Y: 415 N: 2 NV: 15 Abs: 0) [PASS]

Date	Chamber	Action
2017-10-25	Senate	Received in the Senate and Read twice and referred to the Committee on Foreign Relations.
2017-10-24	House	The title of the measure was amended. Agreed to without objection.
2017-10-24	House	Motion to reconsider laid on the table Agreed to without objection.
2017-10-24	House	On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 2 (Roll no. 581). (text: CR H8099-8100)
2017-10-24	House	Considered as unfinished business. (consideration: CR H8129-8130)
2017-10-24	House	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2017-10-24	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 3898.
2017-10-24	House	Considered under suspension of the rules. (consideration: CR H8099-8104)
2017-10-24	House	Mr. Barr moved to suspend the rules and pass the bill, as amended.
2017-10-23	House	Placed on the Union Calendar, Calendar No. 265.
2017-10-23	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 115-361.
2017-10-12	House	Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 0.
2017-10-12	House	Committee Consideration and Mark-up Session Held.
2017-10-11	House	Committee Consideration and Mark-up Session Held.
2017-10-02	House	Referred to the House Committee on Financial Services.
2017-10-02	House	Introduced in House
2017-09-13	House	Hearings Held by the Subcommittee on Monetary Policy and Trade Prior to Introduction and Referral.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/3898/all-info
Text	https://www.congress.gov/115/bills/hr3898/BILLS-115hr3898ih.pdf
Text	https://www.congress.gov/115/bills/hr3898/BILLS-115hr3898rh.pdf
Text	https://www.congress.gov/115/bills/hr3898/BILLS-115hr3898eh.pdf
Roll Call	https://clerk.house.gov/Votes/2017581